GBPUSD retests 100 day MA recent highs and 38.2% retracement
The price has not been above the 100 day MA since May
The GBPUSD has moved back up to retest:
The levels come in at 1.2500 to 1.2504.
- Highs from Friday and Monday
- 100 day MA
- 38.2% of the move down from teh March 2019 high
- The pair is also testing the 1.2500 level
A move above should see some stops and increased upside momentum
The price of the GBPUSD has not been above its 100 day moving average since mid-May.